Global smart HVAC control market expected to reach approximately USD 28.3 billion by 2025, at a CAGR of slightly above 19.1% between 2019 and 2025. The worldwide rising concerns for maintaining IAQ and evolving concerns toward health issues are fueling the smart HVAC control market globally.
Smart HVAC Control Market
The report covers a forecast and an analysis for the smart HVAC control market on a global and regional level. The study provides the historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints for the smart HVAC control market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the smart HVAC control market on a global level.
This report offers a comprehensive analysis of the global smart HVAC control along with market trends, drivers, and restraints of the smart HVAC control market. This report includes a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The global smart HVAC control market is segmented based on product, implementation, application, and region. The product segment is classified into the smart thermostat and smart air vent. By implementation, the market is sectored into new constructions and retrofits. The application segment includes residential, commercial, and industrial. The commercial segment is classified into retail centers, office buildings, healthcare centers, education centers, hospitality, and others. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into major countries, such as the U.S., Canada, Mexico, UK, France, Germany, Italy, Spain, China, India, Japan, Australia, South Korea, Brazil, Argentina, Saudi Arabia, UAE, and South Africa.
Some key participants of the global smart HVAC control market are United Technologies, Haier Group, Nest Labs, LG electronics, Honeywell International, Lennox Intl, Hitachi Ltd., Ingersoll-Rand PLC, Delta, Siemens, KMC Keen Home, Johnson Controls, Schneider Electric, Distech, Lenox International, and Daikin Industries Ltd.
This report segments the global smart HVAC control market into:
Smart HVAC Control Market: Product Analysis
Smart HVAC Control Market: Implementation Analysis
Smart HVAC Control Market: Application Analysis
Smart HVAC Control Market: Regional Analysis
Zion Market Research
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